Favorite team:LSU 
Location:The Edge of Sanity
Biography:LSU Grad, UPT resident
Interests:Food & Wine, LSU Sports, Travel, Politics
Occupation:Efficiency Expert
Number of Posts:7249
Registered on:1/28/2013
Online Status:Not Online

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re: Proposed 401k limit -- $2400 per year - Oenophile Brah
[quote]That’s $225k AGI. So you’re nearing $275-290k+ depending on your pretax and deductions. [/quote] $225k after deductions isn't a ton to live off of when you have serious student debt. Heaven forbid you have children or live in an high cost of living city. Top rate should start around 30...
Posted on Money Talk
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re: Marcello's Returning Back to BR - Oenophile Brah
Does anyone remember why he sold the place in New Orleans. I thought they were doing pretty well. ...
Posted on Food and Drink
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re: I come to the Money Talk for advice - Home equity Loan/HELOC/Other Options - Oenophile Brah
I think you’re worrying too much. 40k for 800 sq ft is high. I’m assuming you’re a fairly high earner. You should be able to float with the HELOC for a few years. If rates bump quick, you can pay it down faster. It’s only 40k. You sound like you really want the addition and only hope to finan...
Posted on Money Talk
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re: How Do I Save? - Oenophile Brah
I would hate to miss any portion of my companies match, so try to avoid that situation. You’re in a similar situation I was in years ago. I would consider 2 options. 1 multi family house. You live in one portion and rent out the other(s). This is what I did. It’s my first rec, but you ...
Posted on Money Talk
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re: If you had a million dollars to invest - Oenophile Brah
If your bills are paid, what do you need the million dollars to do? Growth? Income? We need more info.......
Posted on Money Talk
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re: Happy National Coffee Day What/How Many are you Drinking? - Oenophile Brah
[quote]French Truck dark roast.[/quote] Are you talking about the Mexican blend? Chipas? I picked some up for the first time this week and have been pretty impressed. French Truck is almost entirely med-roast, but this is my first time trying their dark roast. ...
Posted on Food and Drink
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re: So I'm watching Manhunt: Unabomber... - Oenophile Brah
[quote]Where can I watch this?[/quote] Discovery on demand. I just finished the series. Really enjoyable and worth a watch. I had some of the same feelings as others here. The show certainly humanizes Ted which seems like primary theme of the show. IMO. I would like to have seen some time...
Posted on Movie/TV Board
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re: Whats car insurance like in Texas? - Oenophile Brah
[quote]Just a single data point, but I just moved from New Orleans to Houston, and my rate with Geico went from ~$700 to $500 / 6 months[/quote] I bet that will change soon after the storm claims are finished. The Houston area is about to see a solid bump in rates. ...
Posted on Money Talk
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re: What's your employer contribution to your 401K? - Oenophile Brah
[quote]I put in 4%, they put in 2%, not great but it's something.[/quote] This is our plan match as well. Our fund options are pretty pitiful to boot. We have over 50 fund choices and all but 2 have expense ratios over .50%. Many have load fees. It's really a shame how poorly some of these 401k...
Posted on Money Talk
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re: NOLA restaurant news -- Besh and Alon Shaya parting ways - Oenophile Brah
[quote]also Alon has been traveling a ton doing popups and demos nationwide.[/quote] This. That kind of exposure cost money. I wonder if he started eating away at his profits?.......
Posted on Food and Drink
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re: At what point and age did your 401k really start to grow? - Oenophile Brah
[quote]I'm in my 40's and have yet to see that extreme curve. I've been making max contributions for nearly 20 years. I'm thinking this must not happen until I get well into my 50's or maybe longer. [/quote] You've been maxing for nearly 20 years and haven't seen the extreme growth? You couldn't...
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re: My son needs a new car - recent college graduate - Oenophile Brah
Can you afford to pay cash for the car? I might consider that and charge him 2.5%. The kid seems to have his head on straight and this would be a little help with the interest. There are worse things for a young man then having no credit.... Bad Credit. I would insist on a "starter car", whi...
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re: Mortgage escrow vs invest escrow amount in index fund? - Oenophile Brah
Slight highjack. Do homeowners with multiple properties usually do this? The possible interest earnings from a single property is fairly small, but multiple properties changes that equation. I was thinking of simply adding the escrow to my ally account. Even 1.2% is better then 0%. Anyone do so...
Posted on Money Talk
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re: In My Current Situation, How Should I Consolidate Retirement Accounts? - Oenophile Brah
[quote]Correct, we are above the Roth IRA income limits. [/quote] There you go. No IRAs. Rollover into the new 401k. ...
Posted on Money Talk
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re: In My Current Situation, How Should I Consolidate Retirement Accounts? - Oenophile Brah
[quote]Short, easy answer: roll the old employer 401K into an account with Vanguard (pick 2 or 3 funds, max) and let it ride[/quote] One caveat to this sound advice is if the OP is anticipating the income limits for Roth contributions. If OP is, you may wish to rollover the old 401ks to the new 4...
Posted on Money Talk
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re: Cafe Giovanni in the FQ closes - Oenophile Brah
They've been using canned marinara forever.... Good riddance. ...
Posted on Food and Drink
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re: I just opened my Vanguard Roth IRA account - Oenophile Brah
[quote]I went with the suggestions in this article [/quote] That article lists a solid diverse portfolio, but it doesn't come close to the 30/70 risk threshold you mentioned. In fact, if you dropped the listed bond fund, you may be 100% in stocks. That may be fine for you, but be prepared for s...
Posted on Money Talk
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re: Friends From College - Netflix Original - Oenophile Brah
[quote]Just finished, and I reallly reallly liked this show and am shocked at how many people have trashed it. [/quote] I think it's a pretty good show that harkens back good memories from the 90s. I actually find Key to be the biggest distraction, primarily his acting. It's so over the top that ...
Posted on Movie/TV Board
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re: Jay Thomas Dead at 69 - Oenophile Brah
[quote] Dude was a Letterman Christmas legend and a good character actor and radio host.[/quote] R.I.P. sad to hear this news. I happened to run into Mr. Thomas a few years ago at an art showing in New Orleans. His moments on the tonight show were the main reason I recognized him though I do r...
Posted on Movie/TV Board
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re: Big win for 504 Craft Beer reserve and other craft beer stores in LA - Oenophile Brah
[quote]I think where some place called Bin 428(?) was[/quote] That's the spot that Chipotle is trying to move into so not sure that's it. It's just off the corner on Washington. ...
Posted on Food and Drink
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